BA 353: Operations Management



BA 353: Operations Management Hybrid Week 1

Intro – class, OM

In Class Exercises 1 & 2

Start Decision Analysis

• Welcome! Student in class and online.

o Record Zoom

o Dial in Video and Audio for Zoom

• Go Over Canvas and Webpage

• Syllabus - ICE 1

• Roll call

o In Class and online.

Chapter 1

OM: Activities ( Goods and Services (spectrum)

Ex Sell 10k products at $50 each. Cost $40 to produce and transport.

• Price ^ to $55? Demand? ECON

• How to increase demand? MK

• Cost decreases to $39? Demand? Percentages – cost down 2.5%, profit up 10%.

To do this week:

1. Read syllabus, do ICE 1

2. Review stats, do ICE 2

3. Watch Decision Analysis Videos.

Decision Analysis: Making good decisions with an uncertain future.

Six Steps:

1. Define Problem

2. Objective(s)

3. Model

4. Evaluate

5. Choose

6. Implement

Set up problem A), class solves for EV.

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